Like all professions, accountants have a few bad apples in their ranks. Everyone makes mistakes now and then and when a CPA makes an error, it’s called Accounting Malpractice. Sometimes the errors involve a missed deadline. Sometimes professionals fail to keep up with changes in the law (after all, there are only 73,608 pages of […]
Accounting Malpractice Post – CPA White Label Lending Programs
Sometimes I don’t have to look very hard to find something important to our readers. Literally upon logging into my email this morning was a discussion on LinkedIn about a new small business lending program being marketed through accountants. Is that a wonderful new tool for CPAs to help clients with cash flow problems or […]
Stoel Rives Hit With Legal Malpractice Verdict
Jurors in Park City, Utah found prominent West Coast law firm Stoel Rives guilty of legal malpractice in a botched real estate development deal. The firm must now pay their former client $12.8 million in damages. The suit also named one of the firm’s top real estate and construction law partners, Thomas Ellison. According to […]
Noted Law Firm Sued For Legal Malpractice
by Brian Mahany I haven’t moved to Texas yet but I do read the Texas Lawyer. Last month they reported on a lawsuit against legal giant Baker Botts. The estate of a Houston man says the firm made an estate planning error that cost the man’s heirs over $1 million. The suit claims that back […]
Prominent Rabbi Sues NJ Law Firm In Real Estate Fraud Case
by Brian Mahany Rabbi Moshe Meisels files suit in a Bergen County, New Jersey Superior Court against Fox Rothschild, a well respected U.S. law firm. Meisels claims he lost $2.4 in a real estate scam involving Eliyahu Weinstein. Unfortunately, fraud is alive and well. That a rabbi might lose money in a real estate fraud […]
Another Convicted Lawyer Suspended… But Only After 4th Conviction
by Brian Mahany Yesterday the Wisconsin Supreme Court suspended a St. Croix Falls lawyer Warren Brandt’s license to practice law. He is ineligible to practice for the next four months. Afterwards, he must undergo any necessary monitoring and treatment for alcohol dependency. Everyone in society can suffer from alcoholism – we have seen lawyers, doctors, […]
Can I Sue an Accountant for Failing to Report My Offshore Accounts?
Accounting Malpractice Post The IRS Offshore Voluntary Disclosure Initiative (OVDI) and other foreign account amnesty programs are long over. Between the 2009 and 2011 tax amnesty programs, roughly 30,000 taxpayers have come forward and reported their offshore accounts. Most have paid severe penalties of 20 to 25% of the value of their offshore holdings. That […]
Another CPA Firm Sued For Failing to Spot Ponzi Scheme
by Brian Mahany Eleven months ago, we reported on Frederick Berg and the reportedly largest Ponzi scheme in Seattle’s history. Berg was indicted at the close of 2010 after federal prosecutors say he bilked hundreds of investors out of $130 million. Much of that money was frittered away on Berg’s lavish lifestyle – the Seattle […]
When Lawyers Become Criminals (Legal Malpractice Post)
As a lawyer concentrating in asset recovery and professional negligence (malpractice), I have encountered many stories of Ponzi schemes, frauds, theft and hundreds of tales of Wall Street greed. Sometimes the perpetrators of these frauds and scams are judges and lawyers. Thankfully those stories are rare but they do happen. Unless we are the victim, […]